Dollar Gains Vs. Mark

The dollar rose to a level not seen in seven weeks against the German mark in a broad advance Monday as traders sold marks amid speculation that Germany would soon lower interest rates.

The dollar managed a small gain against the Japanese yen in light trading, as many traders were still returning from last week’s holidays in the United States and Japan.

“The main feature of the day is Deutsche mark weakness against everything,” said Chris Iggo, an international economist with Chase Manhattan Bank.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7400 1.3514

France .2029 4.9283

Germany .6964 1.4360

Great Britain 1.5535 .6437

Italy .000627 1594.70

Japan .009832 101.71

Mexico .130719 7.6500